Your daily dose of financial news - The Brief – 9.22.16


Robins Kaplan LLP

As most expected, the Fed held rates steady yesterday. Though its divided FOMC and Chair Yellen’s comments about an improving economy seem to portend a rate hike before the end of the year – NYTimes and WSJ

The SEC has filed a civil complaint against Leon Cooperman and his Omega Advisors for alleged insider trading over $4 million in profit derived from nonpublic information about a 2010 energy deal – WSJ

Cooperman, it seems, will not be taking it lying down – NYTimes and Bloomberg

Anthem to Cigna and vice versa: it’s all your fault – WSJ and Bloomberg

SDNY Judge Lorna Schofield kicked a few counts but largely left intact investors’ claims against big banks over their alleged conspiracy to manipulate Forex transactions – Law360

An early version of this weekend’s Fair Game column sees Gretchen Morgenson finding echoes of the alleged foreclosure abuses involving Wells in the years since the Great Recession – NYTimes

How scientists are using the latest technology in “virtual unwrapping” to read 2000-year-old charred Dead Sea scrolls containing huge swaths of text from Leviticus – NYTimes and WSJ

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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